The sheared shares
Richard purchased some Australian shares a number of years ago. In 2016, he instructed his broker to sell those shares but discovered he no longer owned them.
Topic: Equity securities (shares)
Production drop leaves shareholders high and dry
As members of a dairy co-operative, Reggie and Regina held 180,000 shares equal to their farm’s production of milk solids. Reggie and Regina’s dairy farm’s production dropped over a few seasons and they asked the dairy co-operative if they could redeem some of their ‘dry’ shares. The dairy co-operative refused to accept the surrender of Reggie and Regina’s ‘dry’ shares. Was this fair and reasonable?
Slim pickings surrendering Kiwifruit co-operative shares
Kevin and Karen had sold their kiwifruit orchard and decided to leave the kiwifruit industry. They contacted their kiwifruit growing co-operative company to sell their shares back to the co-operative. The co-operative was happy to redeem Kevin and Karen shares but would not make payment for 5 years. Was this reasonable? And what more could Kevin and Karen do?
